TMCnet News
Exide Technologies is Among the Companies in the Auto Parts & Equipment Industry With the Lowest Forward P/E Ratio (XIDE, AXL, SORL, CAAS, STRT)Feb 26, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Auto Parts & Equipment industry with the lowest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.Exide Technologies ranks lowest with a a forward P/E ratio of 3.73. Following is American Axle & Manufacturing with a a forward P/E ratio of 4.83. SORL Auto Parts ranks third lowest with a a forward P/E ratio of 5.16. China Automotive Systems follows with a a forward P/E ratio of 6.42, and Strattec Security rounds out the bottom five with a a forward P/E ratio of 7.49. SmarTrend recommended that subscribers consider buying shares of SORL Auto Parts on January 3rd, 2013 as our technology indicated a new Uptrend was in progress when shares hit $2.90. Since that recommendation, shares of SORL Auto Parts have risen 29.2%. We continue to monitor SORL Auto Parts for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |